Most Important Terms & Conditions (MITC)

Research Analyst: Vijay Kumar Gupta
SEBI Registration Number: INH000020226

These terms and conditions govern the research services provided by the Research Analyst. The Research Analyst cannot execute trades on behalf of clients. Clients must never permit the RA to place trades on their behalf.

Fees & Payment Terms

  • Fees charged shall not exceed limits prescribed by SEBI / RAASB.
  • Current fee cap: ₹1,51,000 per annum per family (Individual & HUF clients).
  • Statutory charges are excluded from the fee cap.
  • Fee limits do not apply to non-individual or accredited investors.
  • Advance fees may be charged up to one quarter as permitted by SEBI.
  • On premature termination, proportionate refund for unexpired period is applicable.

Modes of Payment

  • Payments via cheque, bank transfer, UPI, or approved online modes only.
  • Cash payments are strictly prohibited.
  • Optional payment through Centralized Fee Collection Mechanism (CeFCoM) by BSE (RAASB).

Conflict of Interest & Regulatory Compliance

  • RA shall comply with all SEBI and RAASB regulations.
  • Any actual or potential conflict of interest shall be disclosed promptly.
  • No assured, guaranteed, or fixed return schemes are permitted.

The Research Analyst does not guarantee returns, profits, accuracy, or risk-free investments. All recommendations are subject to market risks.

Risk Disclosure

  • Investments based on research reports are subject to market risks.
  • No assurance of returns is provided.
  • No avenue exists for claiming losses incurred based on research recommendations.
  • Clients must rely on their own judgement and risk assessment.
  • SEBI registration and NISM certification do not assure performance or returns.

Grievance Redressal

  1. Contact the Research Analyst using website or registered email details.
  2. Escalate via SEBI SCORES: www.scores.sebi.gov.in
  3. Use SMART ODR: https://smartodr.in

Client Responsibilities

  • Keep email ID and mobile number updated with the RA.
  • Never share trading, demat, or bank login credentials or OTPs.
  • RA will never request such confidential information.

Centralized Fee Collection Mechanism (CeFCoM)

  • Ensures investor payments reach SEBI-registered Research Analysts.
  • Allows investors to track payments transparently.
  • Payment links can be requested from the Research Analyst.

Protection Against Social Media Scams

  • Beware of unsolicited WhatsApp or Telegram invitations.
  • Do not trust fake profiles or impersonators.
  • Ignore fake testimonials and profit guarantees.
  • Verify SEBI registration before investing.

Steps to Verify a Genuine Research Analyst

  1. Search RA details on SEBI official website.
  2. Obtain official email and phone number from SEBI portal.
  3. Communicate only via registered contact details.
  4. If communication comes from a different email, ignore it.

These MITC are issued in the interest of investor protection and regulatory compliance.
Visit www.VijayGuptaAdvisory.com for disclosures and policies.

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